189 Middlesex Avenue

Chester, Connecticut 06412

Status
For Sale
Square Feet
21,905
Beds
Price
$4,695,000
Type
Commercial For Sale
Garages
Baths
0
MLS
24120456

Price

$4,695,000

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Interior Details

Interior Size
21,905 Sq Ft
Bedrooms
Bathrooms
0
Rooms Total
Garage

Exterior Details

Lot Size
3.02 Acres
Roof
Asphalt Shingle
Sewer
Public Sewer Connected
Construction
Construction
Cooling
Central Air

Other Information

Property Tax
$40,545
Assessed Value
$1,497,230
Elementary School
NULL
Middle School
NULL
High School
NULL

About Property

Prime Investment Opportunity in Chester, CT Presenting 189-191 Middlesex Avenue, a fully leased, mixed-use property offering an exceptional investment opportunity in the heart of Chester, Connecticut. This 21,905 SF complex features a mix of retail, office, and residential spaces, with long-term tenants, ensuring stability and consistent revenue. Property Highlights * Fully Leased with established tenants * Strong financials-Projected 2025 NOI of $378,000 * Significant annual increases and pass-through for operating expenses * Ample on-site parking for tenants and visitors * High visibility on a well-trafficked state road * Well-maintained by current ownership for 19 years Location Benefits * 3.02-acre lot in a desirable commercial zone (C) * Built in 1986, offering modern infrastructure * Convenient access to Route 9 and Exit 3 on Route 154 * Proximity to Chester Village-a vibrant hub of dining, shopping, and scenic attractions About Chester, CT Nestled along the Connecticut River, Chester boasts a unique blend of New England charm and commercial opportunity. Its historic appeal, picturesque views, and strong community make it an attractive destination for businesses and residents alike. This turnkey investment offers immediate and long-term financial rewards in a thriving market. Don't miss out on securing a property with both stability and future growth potential.
Listed by Press/Cuozzo Realtors, Stephen Press. Data sourced from SmartMLS

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